FY2025 EPS Estimates for Equinox Gold Cut by Scotiabank

Equinox Gold Corp. (TSE:EQX) – Equities research analysts at Scotiabank decreased their FY2025 EPS estimates for Equinox Gold in a research note issued on Thursday, December 4th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $0.82 for the year, down from their prior estimate of $0.84. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Equinox Gold’s current full-year earnings is $1.39 per share.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The company had revenue of C$1.14 billion during the quarter.

EQX has been the topic of a number of other research reports. TD Securities raised their target price on Equinox Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. National Bankshares raised their price objective on Equinox Gold from C$23.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. BMO Capital Markets upped their target price on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Finally, CIBC increased their target price on shares of Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$23.40.

Equinox Gold Price Performance

EQX stock opened at C$19.40 on Monday. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The business has a 50-day simple moving average of C$16.98 and a two-hundred day simple moving average of C$12.68. The company has a market capitalization of C$15.22 billion, a P/E ratio of 194.00 and a beta of 2.58. Equinox Gold has a 52-week low of C$7.13 and a 52-week high of C$19.97.

Insider Activity at Equinox Gold

In other news, insider David Chester Schummer acquired 9,100 shares of Equinox Gold stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of C$15.20 per share, for a total transaction of C$138,320.00. Following the completion of the transaction, the insider owned 168,222 shares in the company, valued at C$2,556,974.40. The trade was a 5.72% increase in their ownership of the stock. 6.40% of the stock is owned by insiders.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.